Category Archive: Finance
Elliott Wave Technical Analysis: Natural Gas – Thursday, April 25
Photo by American Public Power Association on Unsplash Natural GasMode – Impulsive Structure – Impulse Wave Position – Wave (iii) of 5Direction – Wave (iii) of 5 still in playDetails: Price now in wave iii as it attempts to breach 1.65 wave i low. Wave (iii) is still expected to extend lower in an impulse.Natural Gas is currently breaching the previous April […]
Gold & Silver Could Spike In Next 12-18 Months
Image Source: Unsplash Jeffrey Christian, Founding and Managing Director of CPM Group, a precious metals consultancy has followed, covered, and advised on Gold and Silver for decades.He thinks the second half of 2024 will be stronger than the first for both metals and he says they have the potential to spike in the next 12 to […]
Copper Market Commentary – Thursday, April 25
Image Source: Pexels Fund Inflows Boosting CopperCopper prices are pushing higher again on Thursday following a brief correction lower in recent days. The fresh uptick has been attributed to sizeable fund inflows as money managers continue to buy into the metal. Along with heavy fund inflows, supply shortages continue to underpin bullish sentiment. Goldman Sachs is […]
QCOM Wants To Create Competition In The AI Chip Market
Image Source: Unsplash At Wednesday’s close, the Dow Jones Industrial Average (US30) was down 0.11%, while the S&P 500 Index (US500) was up 0.02%. The Nasdaq Technology Index (US100) closed positive 0.10%. The US stock indices traded mixed, with the S&P 500 (US500) and Nasdaq (US100) hitting weekly highs. Strengthening technology stocks provided support for the overall market. However, the broader market’s gains were limited […]
AUD/USD Forex Signal: More Upside Ahead Of US PCE Data
Bullish view Buy the AUD/USD pair and set a take-profit at 0.6555. Add a stop-loss at 0.6450. Timeline: 1-2 days. Bearish view Set a sell-stop at 0.6480 and a take-profit at 0.6400. Add a stop-loss at 0.6550. The AUD/USD pair retreated slightly as traders refocused on the upcoming US GDP and PCE economic numbers. The […]
Sensex Today Trades Flat; Nifty Below 22,350
Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen’s slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.Japan’s Nikkei slid 1.3%, while China stocks also fell and Hong Kong’s Hang Seng Index 0.5% lower.US stocks […]
EUR/JPY Price Analysis: Extends Its Upside Above 166.50 Amid The Overbought Condition
EUR/JPY gains traction near 166.85 on Thursday, the highest level since 2008. The cross keeps the bullish vibe, with the overbought RSI condition. The first resistance level will emerge at 166.82; the initial support level is located at 165.35. The EUR/JPY cross trades in positive territory for the fifth consecutive day during the early European trading hours on Thursday. The cross […]
FX Daily: When The Second Decimal Place Counts
Image Source: Unsplash There will be quite a lot of attention on today’s first quarter US core GDP price deflator and what it means for tomorrow’s release of the March core PCE figure. Analysts will be looking at the second decimal point on today’s release to infer whether tomorrow’s number is on consensus at 0.3%, 0.4% or […]
Market Briefing For Thursday, April 25
Data has been hawkish – enough to keep traders jittery about the future as regards monetary policy / interest rate loosening. Simply enough: high Oil has been sufficient to reflect why there’s no particular relief on inflation or of news that would ‘justifiably’ cause the Fed to cut rates (meaning they could, but not with a particular data justification, […]
Gold Price Lacks Firm Intraday Direction, Holds Steady Above $2,300 Ahead Of US Data Daily Digest Market Movers: Gold price struggles to gain traction amid hawkish Fed expectations Technical Analysis: Gold price bears need to wait for acceptance below $2,300 before placing fresh bets
Gold price (XAU/USD) extends its consolidative price move above the $2,300 mark during the Asian session on Thursday as traders more cues about the Federal Reserve’s (Fed) rate-cut path before placing fresh directional bets. Hence, the focus will remain glued to key US macro data – the Advance Q1 GDP report due later today and […]
